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Westpac enforceable undertaking details revealed

The major bank will develop an integrated remediation plan on all activities related to risk governance and report to APRA each quarter as part of its court enforceable undertaking.

New loan commitments reach record high: ABS

The total value of new loan commitments for housing and the number of loans for the construction of new dwellings have reached record levels, according to the ABS.

RBA backs responsible lending reforms

The central bank governor has voiced his support for the proposal to scrap responsible lending laws “in the spirit of reducing unnecessary regulatory burden”.

Australia no longer in recession

The Australian economy saw strong growth in the September quarter, officially bringing the country out of recession.

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